Lamb Weston (LW) Q4 Earnings & Sales Lag Estimates, Down Y/Y
Lamb Weston(LW) ZACKS·2024-07-25 00:21
Lamb Weston Holdings, Inc. (LW) posted dismal results for the fourth quarter of fiscal 2024, with the top and the bottom line declining year over year. Quarterly net sales and earnings missed the Zacks Consensus Estimate. The company’s shares dropped more than 20% in the pre-market trading session on Jul 24.The company faced disappointing price/mix results, coupled with more-than-anticipated market share losses and a slowdown in restaurant traffic across the United States and several key international marke ...